Technical Evaluation: Sky Gold and Diamonds Limited (1D)

The stock

is trading at 966.60, firmly under the control of buyers. The trajectory is steeply angled upward forming consistent higher highs and higher lows without any major structural breakdowns. Immediate Resistance (1,000) The stock is facing immediate psychological and structural resistance at the 1000 mark. A decisive daily close above this level is required to trigger the next upward impulse. Immediate Support (800 - 850) If profit booking continues, the first major line of defense for buyers is the 800 to 850 zone. This area served as a brief consolidation base in late August and September before the latest breakout. Volume & Strategy Outlook Volume profiles show strong buying interest supporting the upward moves with noticeable accumulation spikes preceding the recent breakouts. However because the price has accelerated so rapidly it is currently highly extended from its underlying moving averages and structural bases.